Biglari Holdings Inc.
BH- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0001726173
No open-market purchases or sales by Biglari Holdings Inc. insiders were filed in the last 90 days; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.
Other share classesBH.A
13F holders, Q4 2023
Institutional positions in Biglari Holdings Inc. as of Dec 31, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 68
- +1 vs. Q3 2023
- Shares held
- 1.69M
- +24.8K (+1.5%) vs. Q3 2023
- Total value
- $278.2M
- +$2.31M (+0.8%) vs. Q3 2023
- New holders
- 6
- 29 more added
- Sold out
- 5
- 12 more reduced
Compare with Q3 2023: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 113 | $850.5M |
| Q1 2026 | 116 | $652.9M |
| Q4 2025 | 106 | $642.0M |
| Q3 2025 | 97 | $612.7M |
| Q2 2025 | 92 | $534.5M |
| Q1 2025 | 75 | $389.0M |
| Q4 2024 | 75 | $454.5M |
| Q3 2024 | 69 | $293.0M |
| Q2 2024 | 72 | $328.7M |
| Q1 2024 | 68 | $320.7M |
| Q4 2023 | 68 | $278.2M |
| Q3 2023 | 67 | $275.8M |
| Q2 2023 | 72 | $330.1M |
| Q1 2023 | 72 | $279.2M |
| Q4 2022 | 60 | $226.8M |
| Q3 2022 | 56 | $189.0M |
| Q2 2022 | 63 | $202.5M |
| Q1 2022 | 67 | $243.1M |
| Q4 2021 | 65 | $244.7M |
| Q3 2021 | 76 | $289.8M |
| Q2 2021 | 72 | $268.1M |
| Q1 2021 | 70 | $226.0M |
Institutions, Q4 2023
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q3 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,337,666 | $220.6M | 32.51% | +9,813+0.7% | Added |
| Dimensional Fund Advisors LP | 87,545 | $14.4M | 0.00% | +3,365+4.0% | Added |
| BlackRock Inc. | 54,737 | $9.03M | 0.00% | +3,934+7.7% | Added |
| Vanguard Group Inc | 28,443 | $4.69M | 0.00% | +285+1.0% | Added |
| Nuveen Asset Management, LLC | 16,257 | $2.68M | 0.00% | +789+5.1% | Added |
| Geode Capital Management, LLC | 15,136 | $2.50M | 0.00% | +678+4.7% | Added |
| Acuitas Investments, LLC | 14,455 | $2.38M | 1.25% | +144+1.0% | Added |
| Bridgeway Capital Management, LLC | 13,851 | $2.28M | 0.05% | +576+4.3% | Added |
| State Street Corp | 12,525 | $2.07M | 0.00% | +78+0.6% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 10,627 | $1.75M | 0.01% | −252−2.3% | Reduced |
| Northern Trust Corp | 8,552 | $1.41M | 0.00% | +473+5.9% | Added |
| Prudential Financial Inc | 8,174 | $1.35M | 0.00% | −2,020−19.8% | Reduced |
| Arrowstreet Capital, Limited Partnership | 7,652 | $1.26M | 0.00% | 00.0% | Unchanged |
| Empowered Funds, LLC | 7,651 | $1.26M | 0.03% | +576+8.1% | Added |
| Los Angeles Capital Management LLC | 5,566 | $918.0K | 0.00% | 00.0% | Unchanged |
| Morgan Stanley | 4,514 | $744.5K | 0.00% | +1,762+64.0% | Added |
| Bank of New York Mellon Corp | 3,980 | $656.4K | 0.00% | +1,481+59.3% | Added |
| Martingale Asset Management L P | 3,284 | $541.6K | 0.01% | −30−0.9% | Reduced |
| O'Shaughnessy Asset Management, LLC | 3,198 | $527.4K | 0.01% | −878−21.5% | Reduced |
| Marquette Asset Management, LLC | 3,070 | $506.3K | 0.09% | +70+2.3% | Added |
| STRS Ohio | 3,000 | $494.0K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 2,670 | $440.4K | 0.00% | +1,042+64.0% | Added |
| Janney Montgomery Scott LLC | 2,579 | $425.0K | 0.00% | +395+18.1% | Added |
| Rathbone Brothers plc | 2,300 | $379.3K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 2,281 | $376.0K | 0.03% | +2,281 | New |
| Charles Schwab Investment Management Inc | 2,203 | $363.3K | 0.00% | 00.0% | Unchanged |
| Two Sigma Advisers, LP | 2,059 | $339.6K | 0.00% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 2,046 | $337.0K | 0.00% | +180+9.6% | Added |
| Assenagon Asset Management S.A. | 2,001 | $330.0K | 0.00% | −24−1.2% | Reduced |
| LPL Financial LLC | 1,664 | $274.4K | 0.00% | +1,664 | New |
| Barclays PLC | 1,586 | $261.6K | 0.00% | +1,139+254.8% | Added |
| Ritholtz Wealth Management | 1,470 | $242.4K | 0.01% | −383−20.7% | Reduced |
| Jacobs Levy Equity Management, Inc | 1,451 | $239.3K | 0.00% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 1,426 | $235.2K | 0.00% | −328−18.7% | Reduced |
| JPMorgan Chase & Co | 1,355 | $223.5K | 0.00% | +553+69.0% | Added |
| Winton Group Ltd | 1,269 | $209.3K | 0.02% | +1+0.1% | Added |
| Citadel Advisors LLC | 1,220 | $201.2K | 0.00% | −1,433−54.0% | Reduced |
| Rhumbline Advisers | 1,160 | $191.3K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 890 | $146.8K | 0.00% | 00.0% | Unchanged |
| UBS Group AG | 813 | $134.1K | 0.00% | +364+81.1% | Added |
| New York State Common Retirement Fund | 686 | $113.1K | 0.00% | +2+0.3% | Added |
| MetLife Investment Management | 407 | $67.1K | 0.00% | 00.0% | Unchanged |
| Gladius Capital Management LP | 402 | $66.3K | 0.04% | +226+128.4% | Added |
| Public Employees Retirement Association of Colorado | 398 | $66.0K | 0.00% | 00.0% | Unchanged |
| American International Group, Inc. | 368 | $60.7K | 0.00% | −1−0.3% | Reduced |
| Royal Bank of Canada | 258 | $43.0K | 0.00% | +85+49.1% | Added |
| Wells Fargo & Company | 227 | $37.4K | 0.00% | +38+20.1% | Added |
| BNP Paribas Arbitrage, SA | 196 | $32.3K | 0.00% | −102−34.2% | Reduced |
| Tower Research Capital LLC (TRC) | 164 | $27.0K | 0.00% | +86+110.3% | Added |
| California State Teachers Retirement System | 122 | $20.1K | 0.00% | −41−25.2% | Reduced |
| Citigroup Inc | 119 | $19.6K | 0.00% | +112+1,600.0% | Added |
| Wetzel Investment Advisors, Inc. | 96 | $16.0K | 0.01% | +96 | New |
| Comerica Bank | 82 | $13.5K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 80 | $13.2K | 0.00% | 00.0% | Unchanged |
| Hoey Investments, Inc | 72 | $11.9K | 0.00% | +72 | New |
| Barrow Hanley Mewhinney & Strauss LLC | 67 | $11.1K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 68 | $11.0K | 0.00% | −8−10.5% | Reduced |
| Legal & General Group Plc | 65 | $10.7K | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 55 | $9.07K | 0.00% | +30+120.0% | Added |
| AJOVista, LLC | 55 | $9.07K | 0.01% | +55 | New |
| Larson Financial Group LLC | 50 | $8.25K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 41 | $6.76K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 40 | $6.60K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 26 | $4.29K | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 22 | $3.63K | 0.00% | +22 | New |
| FMR LLC | 21 | $3.46K | 0.00% | +7+50.0% | Added |
| Advisor Group Holdings, Inc. | 5 | $825 | 0.00% | 00.0% | Unchanged |
| Salem Investment Counselors Inc | 1 | $165 | 0.00% | 00.0% | Unchanged |
| D. E. Shaw & Co., Inc. | 0 | $0 | 0.00% | −1,637−100.0% | Sold out |
| Allspring Global Investments Holdings, LLC | 0 | $0 | 0.00% | −333−100.0% | Sold out |
| Dorsey Wright & Associates | 0 | $0 | 0.00% | −157−100.0% | Sold out |
| Hanseatic Management Services Inc | 0 | $0 | 0.00% | −29−100.0% | Sold out |
| Massmutual Trust Co FSB | 0 | $0 | 0.00% | −3−100.0% | Sold out |